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NRF lowers 2014 sales forecast; expects next five months to be strong
Washington, D.C. -- Slower-than-expected growth during the first half of the year caused the National Retail Federation to lower its retail sales forecast for 2014. NRF said it now expects sales will grow 3.6% in 2014, down from its earlier forecast of 4.1%. The group joined other industry experts in forecasting a pick-up in activity in the next five months.
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Whirlpool second quarter sales flat
Whirlpool Corporation reported net sales of about $4.7 billion in the second quarter of 2014, virtually unchanged from the company's performance in the same quarter last year.
Net sales for the three months ended June 30 totaled $4.68 billion, down 1.4% from $4.75 billion in 2013.
The company's bottom line read $179 million for the quarter, down from $198 million in the second quarter of last year.
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